Keefe, Bruyette & Woods Increases Brookline Bancorp Price Target to $10.00 (BRKL)
Investment analysts at Keefe, Bruyette & Woods lifted their target price on shares of Brookline Bancorp (NASDAQ:BRKL) from $9.50 to $10.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. Keefe, Bruyette & Woods’ price target suggests a potential upside of 6.04% from the company’s current price.
Brookline Bancorp (NASDAQ:BRKL) traded up 0.96% on Tuesday, hitting $9.43. 269,091 shares of the company’s stock traded hands. Brookline Bancorp has a 1-year low of $7.54 and a 1-year high of $10.10. The stock has a 50-day moving average of $9.46 and a 200-day moving average of $9.05. The company has a market cap of $658.7 million and a P/E ratio of 15.83.
Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $48.50 million for the quarter, compared to the consensus estimate of $43.68 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, analysts predict that Brookline Bancorp will post $0.55 earnings per share for the current fiscal year.
Brookline Bancorp, Inc operates as a multi-bank holding company for Brookline Bank (NASDAQ:BRKL) and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank (First Ipswich) and its subsidiaries, and Brookline Securities Corp.
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